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RI
Smithfield
02917
373 Farnum Pike

Property profile

373 Farnum Pike Smithfield, RI 02917

FOR LEASE

Other investment properties

Property ID

US76-0029800

0.71 ac lot

Individually Owned 11-yr Hold ~ Est. High Equity

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$18 SF/Yr 550 SF available

373 Farnum Pike, Smithfield, RI 02917
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The property is a commercial space located in Smithfield, Rhode Island, set on a 0.71-acre parcel with frontage and visibility from a high-traffic main road. It is configured for professional and service-oriented uses and includes a front entrance patio. Interior systems include heating and air conditioning, with the property having had recent updates that feature new doors and replaced HVAC equipment. The layout and exterior access support client visits and on-site operations for uses such as professional offices and wellness-related or boutique services.

Property type Other investment properties

Use group OFFICE/RESIDENTIAL (MIXED USE)

Lot 0.71 ac (30,928 SF)

Zoning code RMED

APN SMIT M:49 B:000 L:132 U:

UPID US76-0029800

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

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Business Management Consultant

373 Farnum Pike Smithfield, RI 02917

Smithfield metro Census 12601 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

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AI Approach AI

$345k

CAP Approach CAP

by Request

Comparable Approach Comparable

by Request

Blend (final) Blend

$345k

since 2015

5 recorded transactions

2021

Price N/A

2015

Price N/A

2006

Price N/A

2004

Price N/A

1999

Price N/A

Zoning description

This district is established to provide areas for medium to low density residential use, with single dwelling unit detached structures, located on lots with a minimum land area of 65,000 square feet to allow residential…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi

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Value Estimation
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Value Estimation
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